324 Shares in Veralto Co. (NYSE:VLTO) Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Veralto Co. (NYSE:VLTO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 324 shares of the company’s stock, valued at approximately $27,000.

A number of other large investors have also bought and sold shares of the business. Daiwa Securities Group Inc. bought a new position in Veralto in the 4th quarter valued at $3,720,000. Telos Capital Management Inc. bought a new position in Veralto in the 4th quarter valued at $372,000. Alpha Omega Wealth Management LLC bought a new position in Veralto in the 4th quarter valued at $418,000. Hikari Power Ltd bought a new position in Veralto in the 4th quarter valued at $4,410,000. Finally, Mirova US LLC bought a new position in Veralto in the 4th quarter valued at $32,474,000. 91.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of Veralto stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.10, for a total value of $43,050.00. Following the sale, the insider now owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Veralto in a research report on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 price target on the stock. Argus assumed coverage on Veralto in a research report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price target on the stock. Citigroup raised their price target on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, BMO Capital Markets assumed coverage on Veralto in a research report on Tuesday, February 27th. They issued an “outperform” rating and a $97.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Veralto has a consensus rating of “Moderate Buy” and a consensus target price of $93.36.

Veralto Trading Up 0.1 %

Shares of Veralto stock opened at $88.89 on Friday. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $92.15. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 1.89. The stock’s fifty day simple moving average is $87.68 and its 200 day simple moving average is $79.80.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.25 billion. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. As a group, equities research analysts expect that Veralto Co. will post 3.26 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Wednesday, March 27th.

Veralto Company Profile

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.